Jubilee Metals Group (LON:JLP) Trading Down 9.3% - What's Next?

Shares of Jubilee Metals Group PLC (LON:JLP - Get Free Report) fell 9.3% during mid-day trading on Wednesday . The company traded as low as GBX 3.80 ($0.05) and last traded at GBX 3.90 ($0.05). 12,289,442 shares traded hands during trading, an increase of 88% from the average session volume of 6,542,193 shares. The stock had previously closed at GBX 4.30 ($0.06).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 7 ($0.09) price objective on shares of Jubilee Metals Group in a research report on Tuesday, April 1st.

Jubilee Metals Group Stock Down 2.6%

The company has a market cap of £114.53 million, a P/E ratio of 18.23 and a beta of 1.47. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 12.28. The stock's 50-day moving average price is GBX 3.40 and its 200-day moving average price is GBX 3.84.

About Jubilee Metals Group

Jubilee Metals Group Plc (JLP) is an international and diversified metals producer listed on AIM and Alt-X. The company is focused on the treatment of both surface tailings materials and primary mineral ore generated from 3rd party mining operations. Led by an experienced team with the ability to design, build and execute environmentally conscious metals recovery solutions, Jubilee has a well-developed strategy to widen geographic and metals exposure driven by rising environmental obligations. Jubilee Metals has an established multi project portfolio providing exposure to a broad commodity basket including Platinum Group Metals (‘PGMs'), chrome, copper, lead, zinc, vanadium and cobalt.